Interview with S. Gurumurthy Part 1: The Rise and Fall of Western Development Models

अब हिंदी बोल के साथ ! bit.ly/Western...
This is the first episode of a 3-part interview with S. Gurumurthy, one of India’s foremost thinkers in economics, political and cultural philosophy. Here he explains his deep insights into the Western Model for Economic Development.
Highlights:
1) Max Weber’s thesis called Protestant Ethic is the foundation used by Western thinkers to explain the origins of modern capitalism.
2) This foundation is based on the Bible and uses some key Judeo-Christian metaphysical premises.
3) These Biblical ideas earlier also entered Marxism even though Marxism opposed religion. Hegel was the thought leader who crystalized such ideas for modern times.
4) In fact, though Communism and Capitalism fight each other, both share certain core ideas that are not in harmony with dharmic metaphysics.
5) This Western model of economics has permeated all modern theories, and has been championed by international agencies such as World Bank, United Nations, etc.
6) India’s Constitution is also based on the same categories and assumptions, making it inconsistent with dharmic principles.
7) So by following this model India has been contradicting its cultural foundations.
8) However, in those areas where India has pursued development according to its own cultural model, it has done far better.
9) Recently, the global economic community has reversed its stand and concluded that the Western model is not suitable as a universal standard.
10) So India must develop and pursue its own development model.
Those familiar with my book, BEING DIFFERENT, will appreciate that we are discussing here another example of Western Universalism that has harmed India’s interests because it was blindly followed.
In Parts 2 & 3 of this discussion with S. Gurumurthy, we will discuss what the implications are for India, and the path ahead.
The second episode of this series can be viewed here: • Interview with S. Guru...
The third episode, "India’s Future in the World" can be viewed here: • Interview with S. Guru...
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